Book Description

From Publishers Weekly Mauboussin is not your average Wall Street equity analyst, writing investment recommendations whose topical interest wanes a few days after the report is issued. His strategy reports begin with scientific findings from diverse fields, then show why an investor should care. This book is a collection of 30 short reports, revised and updated, covering animal behavior ('Guppy Love: The Role of Imitation in Markets'), psychology ('Why Zebras Don't Get Ulcers'), philosophy of science ('The Janitor's Dream: Why Listening to Individuals Can be Hazardous to Your Wealth') and other fields. Each essay describes a fascinating scientific finding, then develops and applies it to personal investing. 'Survival of the Fittest,' for example, begins by discussing how Tiger Woods improved his golf swing, introduces the concept of fitness landscapes from evolutionary biology, then explains why investors in commodity-producing companies should like strong centralized management, while technology-stock buyers should prefer flexible organizations with lots of disruptive new ideas. The book is breezy and well written, but not dumbed down, and provides extensive references. It can be read for entertainment as popular science or to broaden your investment thinking. However, it suffers from a common problem among compiled essays: despite the revisions, some material is out of date and other material is repeated. (June) Copyright ? Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title. Read more Review More Than You Know is a lucid explanation of the exciting new developments in behavioral economics and cognitive science on the rationality and irrationality of people's economic choices. Michael J. Mauboussin has an excellent understanding of the science of what it does and does not imply for investing, purchasing, and other real-life decisions. This book is essential reading for anyone interested in the science of human nature and its relevance to the world of finance. (Steven Pinker, Harvard University)Refreshingly intelligent... engagingly shows how a multidisciplinary perspective can deepen your sense of how financial markets work. (Wall Street Journal)Few readers could come away from this book without being stimulated and intrigued.Los Angeles Times (Los Angeles Times)Wonderfully thoughtful and insightful... sophisticated and accessible, intriguing and entertaining.The Washington Post (The Washington Post)A fun read that draws insights from a wide range of scholarly disciplines. (BusinessWeek)Anyone can appreciate its flashes of Oliver Sacks-like insight. (Bloomberg Magazine)Mauboussin is not your average Wall Street equity analyst... [his book] can be read for entertainment... or to broaden your investment thinking. (Publishers Weekly)A conceptually brilliant, highly practical book that every investor and analyst needs to read-several times. Mauboussin has no peers; he understands how value is created better than anyone, anywhere. (Clayton Christensen, Harvard Business School)Mauboussin has found great insights about the science of human behavior in unconventional places and has written superbly about it. (Robert Sapolsky, Stanford University)A fascinating compendium-like a Ph.D. in investment wisdom. If you want to understand how the world's best investors think, you must read this book. (Bill Miller, Chairman and Chief Investment Officer, Legg Mason Capital Management)An insightful book on investing and investment management. (Tom Bradley Globe & Mail) Read more See all Editorial Reviews